| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $131M | $61M | 19.7% | 156.0% |
| Op. Income | -$103M | -$81M | -$302M | -27.4% | 65.8% |
| Gross Margin | -0.6% | -1.5% | -16.0% | 0.9pp | 15.4pp |
| Net Margin | -67.6% | -72.5% | -447.9% | 5.0pp | 380.3pp |
| EPS (Diluted) | $-0.74 | $-0.68 | $-6.20 | -8.8% | 88.1% |
| Free Cash Flow | -$57M | -$35M | -$30M | -63.5% | -90.0% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $158M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $15M |
| Selling & Marketing | $50M |
| General & Administrative | $27M |
| SG&A Expenses | $78M |
| Other Expenses | $9M |
| Operating Expenses | $102M |
| Cost & Expenses | $260M |
| OPERATING INCOME | -$103M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$106M |
| Income Tax Expense | -$515.0K |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$106M |
| D&A | $10M |
| EBIT | -$99M |
| EBITDA | -$89M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$106M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$515.0K |
| Other Non-Cash Items | -$148.0K |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | -$500.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $393M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $433M |
| PP&E (Net) | $12M |
| Goodwill | $489M |
| Intangible Assets | $219M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $727M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $53M |
| Short-Term Debt | $5M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $251M |
| Long-Term Debt | $312M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $322M |
| TOTAL LIABILITIES | $573M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$897M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $598M |
| Minority Interest | -$11M |
| TOTAL EQUITY | $587M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $324M |
| Net Debt | -$69M |
